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Dec 3, 2012
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rates, which we continue to oppose and will not agree in order to protect small businesses and our economy. instead new revenue would be generated through pro-growth tax reforms that closes special interest loopholes and deductions while lowering rates. you see in this latest proposal while they offer up pour savings by saying, look, we can tax the rich people through the $800 billion figure. we can find more savings in entitlements reforms and more savings in discretionary spending more so than the budget control act. they're still holding firm on that pledge not to raise the tax rates towards the bill clinton era. how will this play around in the white house? we don't know. this tax rate point has been a very difficult sticking point. both sides have stayed on and they continue to stay on this in their second offer. what you see is some sort of possible framework for a large scale deal. the $2.2 trillion number, republicans are the first to tell you is bigger than $1.6 trillion the democrats outlined last week. they believe from discussions that have occurred over the last few years in r
rates, which we continue to oppose and will not agree in order to protect small businesses and our economy. instead new revenue would be generated through pro-growth tax reforms that closes special interest loopholes and deductions while lowering rates. you see in this latest proposal while they offer up pour savings by saying, look, we can tax the rich people through the $800 billion figure. we can find more savings in entitlements reforms and more savings in discretionary spending more so...
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if they don't have confidence in law makers that will pull back into that would hurt the economy. a tea party hero is leaving capitol hill republicans stepping down next month to become director of the heritage foundation he was elected to the senate in 2004 and clashed on occasion with republican leaders of the legislation into the overall direction of the party. illinois republican u.s. senator mark kirk is preparing to return to capitol hill he will go back to january 3rd he suffered a stroke almost one year ago and he has had multiple surgeries including operations to reduce swelling around his brain. illinois lawmakers for planning a big party and a celebration when he heads back. the storm took a devastating toll on the east coast now damage estimates are taking a toll on federal emergency funds right now there is just not enough to help everybody who needs it so they will ask congress for an extra 60 billion on capitol hill lawmakers talk about what the money is being spent on. hundreds of thousands of families have been forced from their homes. >> one subway station will c
if they don't have confidence in law makers that will pull back into that would hurt the economy. a tea party hero is leaving capitol hill republicans stepping down next month to become director of the heritage foundation he was elected to the senate in 2004 and clashed on occasion with republican leaders of the legislation into the overall direction of the party. illinois republican u.s. senator mark kirk is preparing to return to capitol hill he will go back to january 3rd he suffered a...
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Dec 6, 2012
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. >> bill: i'm perplexed because i thought florida would go for mitt romney based upon the economy primarily but romney spent a lot of time and money there. but what did the -- what message that the president brought to florida sueded for him? >> i'm not sure if it's the president's message. it's the message that we need to do a better job as a movement. not just the republican party. those who believe in limited government and preenterprise have to do a better and more consistent job of explaining to people why free enterprise is better for them. >> bill: elected you in florida. they elected governor scott. both of you guys are conservative smaller government people. this is why it's so confusing. because you elect you. you elect scott. now they did elect liberal senator there and they're all over the place. i just don't know why florida, virginia, ohio, colorado -- colorado, i kind of know. why the republican message didn't resonate. i don't understand why the republican message did not resonate in those states. >> well, i can't speak to those other states in detail but i can tell you abou
. >> bill: i'm perplexed because i thought florida would go for mitt romney based upon the economy primarily but romney spent a lot of time and money there. but what did the -- what message that the president brought to florida sueded for him? >> i'm not sure if it's the president's message. it's the message that we need to do a better job as a movement. not just the republican party. those who believe in limited government and preenterprise have to do a better and more consistent...
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. >> deal or no deal, i don't think it matters this is just a dog and pony show, the economy is in trouble. lou: thank you very much. appreciate it. on that happy note. >> thank you, lou. lou: what the bleep just happened. thank you. for us that is it good night from new york. neil: influential tea partier jim demint is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know it is dead. i am neil cavuto, allow me to be so blunt to say, what else can you say about a light taken out of the party, republicans who 1 proudly school their tax drowned over decades, seeding that and then some over weeks, only real debate among the grand old party is how much to hike taxes, not if. i did not know they lost their backbone. starting 800 billion in tax hikes to match the president, shouldn't surprise anyone whether we doubled that to $1.6 trillion, that will become the new starts point for the president. new york times and front page story praising john boehner's grip to the party here, appears
. >> deal or no deal, i don't think it matters this is just a dog and pony show, the economy is in trouble. lou: thank you very much. appreciate it. on that happy note. >> thank you, lou. lou: what the bleep just happened. thank you. for us that is it good night from new york. neil: influential tea partier jim demint is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know...
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how much more burden would we put on already weak economy? david: steve, will republicans cave on the issue of tax rate increases. will they agree with the president and his folks to raise ttx rates? >> the rank-and-file that talk to want to hold fast on that and say, no we're not going to do it. you want to push the economy off the cliff, you're the chief executive. you're supposed to be bringing people together. and put, throw the ball back in his court. david: you think no deal? >> boehner might be willing to do a deal. the rank-and-file wants to hold fast and stick to principle which is rare in washington. david: what is your feeling? do you think we'll go off the cliff? >> i think it will go right to the end. if boehner and senator mcconnell do not cave, i think we'll kick the can down the road. for once that will be a good thing rather than a bad thing. david: steve forbes, forbes media chairman. >> good to see you, david. david: liz, over to you. liz: they're doing it in churches and cafeteria, ready for a workout. "inc." magazine name
how much more burden would we put on already weak economy? david: steve, will republicans cave on the issue of tax rate increases. will they agree with the president and his folks to raise ttx rates? >> the rank-and-file that talk to want to hold fast on that and say, no we're not going to do it. you want to push the economy off the cliff, you're the chief executive. you're supposed to be bringing people together. and put, throw the ball back in his court. david: you think no deal?...
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Dec 6, 2012
12/12
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it is down more than 20% on the year and lists blame technical concerns, the global economy and today's court hearing in the battle against samsung for yesterday's drop. >>> a gay blocker will be there because of a controversial photo, we will have more on what a judge has ordered. >>> a new perfect fume that could make you hungry, we will have more on the fast food chain that is launching the product, stay tuned. ñsxóxgñ . >>> welcome back to the ktvu channel 2 morning news, a new jersey congressman is calling for tighter regulations after that derailment and chemical spill. they say they cannot regulate themselves and they say the crash released vinyl chloride into the air and forced many people from their homes. >>> they will continue to collect and sort items. now the city said ash bury is going to shut down and workers say they have now been told to comply. he took a photo as he pleaded not guilty to disorderly conduct and skott weaner was found inside a bathroom last october. he criticizes him and that photo did not overstep any boundaries. >> we will be fighting this case and
it is down more than 20% on the year and lists blame technical concerns, the global economy and today's court hearing in the battle against samsung for yesterday's drop. >>> a gay blocker will be there because of a controversial photo, we will have more on what a judge has ordered. >>> a new perfect fume that could make you hungry, we will have more on the fast food chain that is launching the product, stay tuned. ñsxóxgñ . >>> welcome back to the ktvu channel 2...
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Dec 4, 2012
12/12
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growing the economy takes a bit of time. i take it that it was expense cutting because you went to -- you balanced your budget. >> i did. i presented a budget and the governor is expected to present a budget, and in that budget, my budget actually increased spending in medicaid and in education. my proposed budget but also trimmed back, for example, i trimmed back on the number of exempt employees. >> greta: what's that mean? >> people who answer just to the governor versus classified employees who you have to -- you can only get rid of an employee for cause. >> greta: so it's basically civil service versus appointments. >> exactly. governor richardson had grown the number of exempt employees by over 340. i have it down to i think 212 at this time. i got rid of the two chefs that were assigned to the residence. we sold the jet that governor richardson had purchased. we sold the jet in addition to four other planes. we cut the exempt employees. no one was going to hernandez ee than $125,000 for cabinet secretary. we were goin
growing the economy takes a bit of time. i take it that it was expense cutting because you went to -- you balanced your budget. >> i did. i presented a budget and the governor is expected to present a budget, and in that budget, my budget actually increased spending in medicaid and in education. my proposed budget but also trimmed back, for example, i trimmed back on the number of exempt employees. >> greta: what's that mean? >> people who answer just to the governor versus...
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Dec 5, 2012
12/12
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they say that increase is due to job loss, the economy, high cost of housing, and a number of other issues. the agency said volunteers are essential and helping them fill the needs. >> different members of our organization are used to give them back mentoring and we have to do something as a collective group to put the university of maryland out there and show we care about the community. >> reporter: the food bank distribute -- distributes 500,000 pops of food each week and they could not help the thousands in need if they didn't get the help they need from the volunteers. >> to be able to give something of our time to help people who are in need is what is critical. and you see it every day as you drive to work. you see people and you your going to work. you need to take the time to volunteer and give something to the community. >> reporter: that was wisdom martin. we want you to know that this is really, really important to us, and we would really love your help. join us this friday at the following giant food likes in brentwood, montrose crossing in rockville, greenbriar and the hyatts
they say that increase is due to job loss, the economy, high cost of housing, and a number of other issues. the agency said volunteers are essential and helping them fill the needs. >> different members of our organization are used to give them back mentoring and we have to do something as a collective group to put the university of maryland out there and show we care about the community. >> reporter: the food bank distribute -- distributes 500,000 pops of food each week and they...
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but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has become a public relations issue, too. yesterday the white house had to admit in fact they had summoned a number of liberal talk show hosts mk s nbc and others. >>> thank you, doug. >>> kate middleton is spending her third day in the hospital. the royal mom to be is said to be recovering. she faces up to 6 months of misery from her severe morning sickness. paul harrison joins us live from london with an update. hi, paul. >> this is the third day that the dutches of cambridge is now in the hospital. she came in monday suffering from acute morning sickness. there was a statement issued by sir james palace last night shortly after the duke of cambridge departed the hospital after being here for 6 hours or so. in the statement they said case is feeling much better. the duke and dutches were grateful for the good wishes they have been getting inside the hospital while they have been here. they did add that kate will for the pres
but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has become a public relations issue, too. yesterday the white house had to admit in fact they had summoned a number of liberal talk show hosts mk s nbc and others. >>> thank you, doug. >>> kate middleton is spending her third day in the hospital. the royal mom to be is said to be recovering. she faces up to 6 months of misery from her severe...
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the approach on the president and democrats didn't about the economy at all but rather about politics. >> i am not serious at all about entitlements. the president himself said that's where the money is. on social security he denied there is any effect on the deficit at all. durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the republicans are bad guys these are good guys. surprising to me the president wokd get the revenues he wants from de deductions and exclusions. it is on rates not for economic reasons but political. he wants to break the backs of republicans. it this is a continuation of his campaign he thinks he wants it and now he wants to driv
the approach on the president and democrats didn't about the economy at all but rather about politics. >> i am not serious at all about entitlements. the president himself said that's where the money is. on social security he denied there is any effect on the deficit at all. durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it...
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economy. at the new york stock exchange, i'm jane king. >>> attempted jail break didn't go as planned. left screaming for help after he got stuck halfway through a wall. firefighters came to his aid. the 28-year-old had followed a fellow inmate, probably a skinnier one. officials say the first prisoner was, like i guessed, smaller man who managed to escape this guy, he was a little too wide. >> probably -- >>> we have great weather coming our way, a lot of skiers are saying give us more snow. >> they will be making . this weekend temperatures in the 20s, tahoe they will be making it on the resorts that are open. good morning. here's a beautiful picture from sutro tower clean air over san francisco to the lights of the east bay hills. live doppler we can see top to bottom, east to west, dry radar returns not going to have any rain for a while. we'll keep it on, just in case. always like to have it up there, trying to find out when the next system is coming our way. 37 santa rosa, 40s inland, th
economy. at the new york stock exchange, i'm jane king. >>> attempted jail break didn't go as planned. left screaming for help after he got stuck halfway through a wall. firefighters came to his aid. the 28-year-old had followed a fellow inmate, probably a skinnier one. officials say the first prisoner was, like i guessed, smaller man who managed to escape this guy, he was a little too wide. >> probably -- >>> we have great weather coming our way, a lot of skiers are...
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Dec 4, 2012
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the huge toll it's taking on the economy. >> and a big sinkhole in the ground and a new storm on the way. we are learning how long an east bay neighborhood could have to live with this mess. >> and we're live in san francisco where all muni trains are back up and running after a power outage caused all of them to shut down last night. i spoke with the muni spokesman on the phone who says how they were able to get back up and running so quickly. ,,,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. you won't take our future. aids affects us all. e
the huge toll it's taking on the economy. >> and a big sinkhole in the ground and a new storm on the way. we are learning how long an east bay neighborhood could have to live with this mess. >> and we're live in san francisco where all muni trains are back up and running after a power outage caused all of them to shut down last night. i spoke with the muni spokesman on the phone who says how they were able to get back up and running so quickly. ,,,,,,,, look at you guys with your...
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Dec 7, 2012
12/12
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you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the policy ideas are well known and we're now in this political negotiation where i think there's a lot of support for having them, if they're going to go through all this, have a deal big enough to fix the problem. >> what do you say, two things, first of all, it to those who say that the economy is still sputtering along, weakness in the manufacturing sector, for instance, that this isn't the right time for dramatic cuts and secondly, that the debt ceiling deal will not be averted because the republicans have said that is a nonstarter. this could be a negotiating po
you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the...
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Dec 3, 2012
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economy $1 billion a day. it means lost business for truckers and others who rely on the port for their livelihood. combined they are the nation's busiest handling nearly 40% of impossibles from asia. and google customers across europe will be able to access the largest repertoire of music in the world. the fruit of a collaboration between internet giant and european collecting societies. kelly spoke to the director of strategy resources and asked him how instrumental google was in setting up the licensing platform. >> to facilitate their access and want to offer to every music provider to europe and perhaps the world. so access for all digital partner that have some services in europe. >> we should give you perhaps the task of figuring out the euro zone because you've manned to come together at least with regard to music. how difficult was to overcome those obstacles that those national ob kells that it seemed it held up your counterparts when it comes to trying to figure out for example budget issues? >> tha
economy $1 billion a day. it means lost business for truckers and others who rely on the port for their livelihood. combined they are the nation's busiest handling nearly 40% of impossibles from asia. and google customers across europe will be able to access the largest repertoire of music in the world. the fruit of a collaboration between internet giant and european collecting societies. kelly spoke to the director of strategy resources and asked him how instrumental google was in setting up...
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Dec 3, 2012
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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or so we thought. >> reporter: the search to find john mcafee began right here at the airport not long after i landed and three words. sorry i'm late. a code word to let me know i met the person to take me to mcafee. who follow eed was a long drive and then we get in to a parking lot and get in to another vehicle an drive off again. this time with switchbacks, u-turns and back alleys. it was clearly meant to confuse and anyone following. and then there we were. face to face. observation number one. with john mckay fee, there is no such thing as a simple answer. you are john mcafee? >> i think so, yes.
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or...
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Dec 3, 2012
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jenna: let's talk about the economy now. the "wall street journal" reporting today that the jobs market could be in line for some significant improvement in the coming year if we can get a deal on the fiscal cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and maybe an unpredictable economy there are some ways to get ahead. these why we what wanted to talk to our next guest who knows thing or two about that. joining us now, kat cole the president of cinnabon. you have a very unique journey to the position you have today. it all started at hooters, right? >> yeah, i started out like many teenagers, my first job in malls and restaurants, and i got a job at hooters as a hostess and worked my way up and became a waitress at haouters for a fe hooters, when the cooks quit i began to cook. that sent me all ove
jenna: let's talk about the economy now. the "wall street journal" reporting today that the jobs market could be in line for some significant improvement in the coming year if we can get a deal on the fiscal cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and...
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Dec 3, 2012
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the country became painfully aware the divisions in washington are may be so large we will harm our economy and harm our problem as they fail to solve problems and work these things out. over the past year, we have been joined by 300,000 saturdays, 100 of the leading ceoas, and small businesses who have said we need fix the debt, that we know. but we wanted to create a different kind of campaign where we come to washington, and while you have so many folks on side saying, "don't touch this. don't touch this. take this off the table." suddenly you're left with nothing on the table to fick the problem. we wanted to create a broad-based bipartisan group to work with members of congress to come up way deal. over the past week, we met with over 50 members of congress. we had very productive meetings with both the white house and the republican leadership basically saying we know we need a plan that will be big enough to fix the problem and biexprs balanced, and we want to help you come to that-- >> schieffer: let me just talk to you, mark zandi. you're our economic forecasters. ent to just go ba
the country became painfully aware the divisions in washington are may be so large we will harm our economy and harm our problem as they fail to solve problems and work these things out. over the past year, we have been joined by 300,000 saturdays, 100 of the leading ceoas, and small businesses who have said we need fix the debt, that we know. but we wanted to create a different kind of campaign where we come to washington, and while you have so many folks on side saying, "don't touch...
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Dec 6, 2012
12/12
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WTTG
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they say that increase is due to job loss, the economy, high cost of housing and a number of other issues. the agency says volunteers are essential in helping them fill those needs. >> different members of our organization are used to giving back mentoring. we just wanted to do something as a collective group to show we care about the community. >> reporter: the food bank distributes 500,000 pounds of each a week. they say they couldn't help the thousands in need if they didn't get the help they need from the volunteers. >> to be able to give something of our time to help people who are in need is what's critical and you see it every day as you're driving to work. you see people in need. you're going to work. you need to take the time to volunteer and give something to the community. >> we invite you to join us this friday at the following giant food locations, brentwood, montrose crossing, greenbrier and hyattsville. you can find all the stores on our website. go to www.myfoxdc.com. >>> coming up next the push into your private life, what law enforcement agencies are asking cell phone co
they say that increase is due to job loss, the economy, high cost of housing and a number of other issues. the agency says volunteers are essential in helping them fill those needs. >> different members of our organization are used to giving back mentoring. we just wanted to do something as a collective group to show we care about the community. >> reporter: the food bank distributes 500,000 pounds of each a week. they say they couldn't help the thousands in need if they didn't get...
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. >>> report released overnight predicting impact of prop 30 on the state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are see
. >>> report released overnight predicting impact of prop 30 on the state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >> >> brian: he dreamed of blowing up 10 synagogues in new york city. he will now spend 10 years behind bars and then deported. he got the sentence in exchange for pleading guilty. he could have gotten 32 years or if they asked me to be on the jury . it is that time of year again, the crib making its annual come back. of applause in the control room. it returns on december 17th. as long as the mcrib is out we are happy. steve smile. >> steve: i love the mcrib. put it in my day pla
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made...
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Dec 6, 2012
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uncertainty over taxes and the impact of scheduled government cuts on the economy is really making it hard for companies to plan. so instead, they are keeping their spending in a wait-and- see mode and again, that's going to persist until we get resolution. for more on the jobs report preview, go to moneywatch.com where we warn that things could get ugly in the labor market before they turn around. >> okay. jill schlesinger, editor at large for cbsmoneywatch.com, thank you. >>> i'm going to have to separate my coanchor and our weather guy because we have a quasi denver bronco fan here, she grew up there. we'll let her have that. quasi. and a huge raider fan. >> and they play tonight. huge raider fan. i'm not too excited about this game tonight. >> we may not be talking tomorrow morning. >> going to make sure you guys are open. >> there is a reason the desk are separate. >> we have good news. we are finally catching a break from the stormy weather outside. all the raindrops leaving behind a lot of moisture in the atmosphere so we're catching a lot of fog outside around the bay area. de
uncertainty over taxes and the impact of scheduled government cuts on the economy is really making it hard for companies to plan. so instead, they are keeping their spending in a wait-and- see mode and again, that's going to persist until we get resolution. for more on the jobs report preview, go to moneywatch.com where we warn that things could get ugly in the labor market before they turn around. >> okay. jill schlesinger, editor at large for cbsmoneywatch.com, thank you. >>>...
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Dec 4, 2012
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that the fiscal deadlock in washington is already starting to impact the economy. the "institute for supply management" says, manufacturing in the u-s shrank last month. meantime, on wall street today.. points to fall below 13- thousand. the nasdaq also fell..down eight -points.. and the s-and-p 500 lost close to seven. >> watching today's winners and losers with our financial expert, rob black u.s. auto sales. >> with hurricane sandy they can go out and purchase new. still, we are above 14.4 million. we are near 15 million. sales of gm are up 3.4% a bit weaker than expected. for was a 6.5% at toyota was up 70.2 percent, chrysler up to buy 40% your financing it has loosened up a little bit we of the oldest fleet in the nation. so car buying. chrysler was up by-14% and toyota was up 70%. >> singapore airlines is a toyota-17-- >> this is not fortune america. this is for more european and cities. this is not for urgent america. to gain access to the european union i understand it that this is a way for delta to benefit and expand more international flights. >> lindsey
that the fiscal deadlock in washington is already starting to impact the economy. the "institute for supply management" says, manufacturing in the u-s shrank last month. meantime, on wall street today.. points to fall below 13- thousand. the nasdaq also fell..down eight -points.. and the s-and-p 500 lost close to seven. >> watching today's winners and losers with our financial expert, rob black u.s. auto sales. >> with hurricane sandy they can go out and purchase new....
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Dec 2, 2012
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going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are in a difficult position. and they're going to have to figure out their politics of what they do next and they're trying to figure that out right now. we're going to work very hard at this and we're going to keep talking to each other. and, again, i think we have a very good chance for coming together on an agreement that not just protects 98% of americans from a tax increase and protects the economy from deeply damaging upfront spending cuts and protects the med from leaving us vulnerable to, you know, periodic threats of defaults by politicians, i think we can do better than that and do something good for the long
going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are...
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Nov 29, 2012
11/12
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that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good idea? it is still a bad idea and i think while i think there is room for a prom promise, i don't think one person gets to decide where the compromise is. he ran on this notion of raising taxes on the wealthiest americans. he is probably going to hold firm on that. we'll see what happens over the next four weeks. as long as we are spending money on robots, don't raise any taxes. thank you very much. >> less us know what you think. follow us on twitter. up next, another twist in the administration's attempt to explain what happened the night four ame
that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good...
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Dec 2, 2012
12/12
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 4, 2012
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. >> bill: and grow the economy. put it in the hands of the wealthiest 2% and all they do is sit on it. we had eight years under bill clinton. tax rates were high and we had 22 million new jobs. eight years under george bush and disaster. igor volsky, great to see you again, my friend. thanks for coming in. thinkprogress.org. and we'll be right back. >> announcer: radio meets television. the "bill press show." now on current tv. that viewers like about the young turks is that we're honest. they can i think that the audience gets that this guy, to the best of tell them it's like being nestled in an eight-way, adjustable, heated and ventilated seat surrounded by a 500-watt sound system while floating on a suspension made of billowy clouds. or you could just hand them your keys. ♪ ♪ ♪ ♪ >> announcer: taking your e-mails on any topic at any show." live on your radio and current tv. >> bill: hey, lots of comments and responses to our question, we asked at the very top of the hour. should the kkk be allowed to adop
. >> bill: and grow the economy. put it in the hands of the wealthiest 2% and all they do is sit on it. we had eight years under bill clinton. tax rates were high and we had 22 million new jobs. eight years under george bush and disaster. igor volsky, great to see you again, my friend. thanks for coming in. thinkprogress.org. and we'll be right back. >> announcer: radio meets television. the "bill press show." now on current tv. that viewers like about the young turks is...
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Dec 1, 2012
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. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks that the election was ofrlte then you dialed back in this week and discovered, no, we have apparently just entered a new phase in a political year that never ended. two big stories this week -- the impending fiscal cliff and the washington debates over who will succeed hillary clinton as secretary of state. first to the fiscal cliff. at the end of the year the buescher ra tax cuts will expire and the first wave of $1.2 trillion in spending cuts is scheduled to kick in. c.e.o.'s and economists alike are worried this will send the economy spiraling back into recession. th
. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks...
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Dec 7, 2012
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republicans claim that that will boost the economy and jobs. but democrats are calling it an attack on workers' rights. governor rick snyder has previously said that right-to-work is not on his agenda but he does plan on sign that next week. back on capitol hill steven spielberg is slated to attend "lincoln." poems president obama is hosting the event at the capitol visitor senator. after the screening, spielberg and louis along with 3 other actors will hold a q and a session with senators and their guests. more "bill press" is coming up after our break. see you then. i want the people who watch our show, to be able to come away armed with the facts, and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. an impact beyond just informing. an impact that gets people to take action themselves. as a human being that's really important. this is not just a spectator sport. before the sneeze, help protect wi
republicans claim that that will boost the economy and jobs. but democrats are calling it an attack on workers' rights. governor rick snyder has previously said that right-to-work is not on his agenda but he does plan on sign that next week. back on capitol hill steven spielberg is slated to attend "lincoln." poems president obama is hosting the event at the capitol visitor senator. after the screening, spielberg and louis along with 3 other actors will hold a q and a session with...
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Dec 3, 2012
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on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hour, rick. rick santelli live in chicago on cnbc. >>> it's tweet time. a new study finds one in three ame
on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i...
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Dec 1, 2012
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the world economy -- my question is would the republican party like to go over the cliff hanging onto that 2% of rich people and say that's why they did it? can they live with themselves if they do that? >> in some ways the politics for boehner becomes easier, i don't like calling it a cliff, after you go down the slope or whatever you want to call it. >> why? >> because if nothing happens between now and the end of the year, all the tax cuts, poof, they disappear. you come back the first week in january and you pass a bill. then the tea partiers, boehner can make the argument to them if they want to be reasonable, now you're voting for a tax cut. not for everyone, but for 98%. before that happens, the tea party people will say we're voting to raise taxes on the rich. if you let it happen on its own -- >> do you buy this, joy? that people don't get what's going on? they know what the mechanics of this thing are. >> let me finish one second. the tea partiers have to worry, some of them, about being challenged from the right if they vote for anything resembling a tax hike. if you wait u
the world economy -- my question is would the republican party like to go over the cliff hanging onto that 2% of rich people and say that's why they did it? can they live with themselves if they do that? >> in some ways the politics for boehner becomes easier, i don't like calling it a cliff, after you go down the slope or whatever you want to call it. >> why? >> because if nothing happens between now and the end of the year, all the tax cuts, poof, they disappear. you come...
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Nov 30, 2012
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all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's 85 billion, that would be another $1 trillion in the american pump priming money supply after they've already done close to $2 trillion already. so we're at $3 trillion rising toward 3.5 trillion. here's my question. this stuff is not getting into middle america. like, to me, what the fed is doing is they're really helping the big new york wall street banks, helping them buy commodities, stocks, currencies, i don't see this pardon the phrase trickling down to main street community banks, small businesses. it's all sitting on
all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's...
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and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're willing to make and we'd like to thank the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part
and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts...
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>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do it, the more -- the fewer fertile grounds there might be to grow those jobs. this is a race that goes on to try to be as business competitive as you can be. >> and unions are shrinking. as governors said, under 18% of michigan's workforce is unionized. >> panel, thank you. why did the state of new jersey bulldoze one man's home without telling initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade
>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do...
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happening to the global economy. and realized. welcome to the big picture. the for. the i. remind you we're talking about the. the west. ok alex analytical back to you in brussels you know outside of the west however we define that the west has seen its very very violent ok over the last twenty years it's nato interventions is this something that the west should be proud of. well i mean i think the west is still the largest force for good in the world i mean the interventions that have taken place if you think about afghanistan for example that has been to rout out al qaeda operation base terrorist organization that has struck around the world from bali to madrid to london there has been one grave there on which europeans and americans had a dramatic fall out that was the iraq war that should not have taken place but compared to certain other regions the west is the most peaceful and stable region there is no conflict inside of the west if you look to russia with the chechen conflict in the northern caucasus if you look to see. that's been overthrown by decade now more than
happening to the global economy. and realized. welcome to the big picture. the for. the i. remind you we're talking about the. the west. ok alex analytical back to you in brussels you know outside of the west however we define that the west has seen its very very violent ok over the last twenty years it's nato interventions is this something that the west should be proud of. well i mean i think the west is still the largest force for good in the world i mean the interventions that have taken...
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not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our long term fiscal house in order. there's no surprise. you're a pro at this. there's going to be a lot of political theater between now d when we get there. >> is this a part of that political theater? this is your opening gambet here. it's not -- you know you're not going to get what you went up there -- >> what we're trying to do -- this is the only way i know how to do these things. to solve problems, you have to be clear and direct with people about what you want and what you need and what's important for the country, and that's what we did. in those prop
not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our...
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but on january 20th, he'll face a stagnant economy and a fiscal mess. you might even say he'll inherit these problems. >> reporter: there's a lot of bah humbug in washington, d.c. these days. 'tis the season to be surly. the president told bloomberg television that without tax rates going up on the wealthiest americans, there will be no deal to avert going over the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: house republicans are adamant, no tax rate increases. >> we're willing to put revenues on the table. revenues that come from closing loopholes, getting rid of special interest deductions and not raising rates. >> reporter: but what the republicans are offering sounds a lot like what the president wanted during last year's budget showdown. >> give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates by eliminating loopholes, eliminating some deductions. >> reporter: today, however, the president says those move
but on january 20th, he'll face a stagnant economy and a fiscal mess. you might even say he'll inherit these problems. >> reporter: there's a lot of bah humbug in washington, d.c. these days. 'tis the season to be surly. the president told bloomberg television that without tax rates going up on the wealthiest americans, there will be no deal to avert going over the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal...
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lou: great news on the economy, will higher taxes screw it up? two of the best economic thinkers join us, deutsche bank senior u.s. correspondents will be here joining us next. detroit on the edge of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! n we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medica plan... your effortresult in
lou: great news on the economy, will higher taxes screw it up? two of the best economic thinkers join us, deutsche bank senior u.s. correspondents will be here joining us next. detroit on the edge of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! n we need a little bit more... [ male announcer ] at humana, we understand the...
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the economy added 146,000 jobs in november and the unemployment rate fell to a four-year low of 7.7%. coming up at 7:15, how this morning's job report impacts thefully negotiation -- impacts the fiscal cliff negotiation. >>> a youth group visiting florida got robbed. the group made of you of 24 teenagers and said they were eating in a restaurant in fort lauderdale, florida about an hour after they arrived for a weekend youth conference. they say thieves stole $12,000 cash. one member of the group was able to have money wired to them. so they were able to spend last night in a hotel. we have no word yet if that group will return to oakland today. >>> funeral services will be held this weekend for two teenaged girs shot to death in oakland last month. funeral services will be held for ra chef at cooper's -- raquel at cooper's and the girls were found last month near brookdale park. they had been shot as many as 36 times. no arrests have been made as of yet. >>> today is the 71st anniversary of the attack on pearl harbor. bay area survivors will mark the day by marking the been to on mt.
the economy added 146,000 jobs in november and the unemployment rate fell to a four-year low of 7.7%. coming up at 7:15, how this morning's job report impacts thefully negotiation -- impacts the fiscal cliff negotiation. >>> a youth group visiting florida got robbed. the group made of you of 24 teenagers and said they were eating in a restaurant in fort lauderdale, florida about an hour after they arrived for a weekend youth conference. they say thieves stole $12,000 cash. one member...
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it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...